Wednesday, February 15, 2012

Majority of housing in Ridgeland is now rental

Ridgeland has the highest rate of rental housing among cities in the Jackson metro area according to U.S. Census data from 2010. The census states Ridgeland's rental rate among housing units is 54.1%. Madison had the lowest rate at 6.7%. JJ reviewed 2010 census data and posted the review below. Flowood was the only other city over 50% at50.6%. Translation: The majority of housing in Ridgeland is rental housing. Jackson placed fourth at 45.6% although it lost the most population. Census website



28 comments:

Anonymous said...

Welcome to 2012 and bigger city life. Rental property dominates most European countries and larger US cities. Why? The middle class shrinks. Housing becomes more expensive. And the current economic climate reduces affordability as credit is tightened. Too many rental houses? Only a fool would rather have a foreclosure next to their house than a rental. In this business climate neighborhood associations and cities who limit rental property are forcing foreclosure as homeowners who can't sell and must have no alternative. The trend documented in current media is toward rentals of expensive properties for the wealthy and the retired. It's actually a good alternative and good for cities who enact ordinances that protect the tenant and the landlord. It is the fear of the bias public who are afraid the "element" will invade their neighborhoods.
So the biased pay with foreclosures next door. Stupid bigots.

KaptKangaroo said...

Huh? I believe the fact there is a high number of Apartment complexes would be more indicative of the rental % than racism.

Anonymous said...

an you overlay a map showing Section 8 voucher distribution?

Anonymous said...

Flowood has three types of housing: apartments, Laurelwood and then Lineage Lakes. I'll let you guess which of the three has the largest percentage.

Anonymous said...

Are section 8 and government subsidized complexes counted?

Anonymous said...

Flowood and Ridgeland have some of the lowest property tax millage rates in the metro.

Sho-nuff!

Shadowfax said...

I agree with Kangaroo. Everywhere you turn in Ridgeland you see a two or three story apartment complex. This is not about foreclosures and rental houses in neighborhoods. It's all about the city of Ridgeland not giving a shit about code limits and allowing as many apartments as builders wanted to build. Each of us can decide whether that's good or bad and how we define good and bad.

And each of us can decide at what point saturation is reached, or whether at all. It's true that people have to live somewhere, but I can't imagine having as a goal being the most heavily apartment-saturated community in the state and I'd challenge you to find another, higher.

Anonymous said...

Low millage just means the housing stock is old, poor city planning, a municipal sell-out to multi-unit developers, and declining clout of the middle class. In other words, plantation owners in the guise of rentiers.

Anonymous said...

The mis-informed who fall into the "veil" of lower property values if you have rentals in your neighborhood. There is no precise documentation however there is precise documentation from appraisers to what foreclosure can do to property values.

Anonymous said...

Using February 15, 2012 6:27 PM's criteria the only thriving municipalities would be Jackson and Canton.

Cheers and condolences to the ignoramuses living in our midst!

Anonymous said...

it's not just apartments in Ridgeland anymore. Rental housing in neighborhoods is growing by leaps and bounds. I've seen with my own eyes the past five or six years.

Anonymous said...

Shadowfax is right. Lousy planning is screwing up Ridgeland. It is beyond me how few cues Ridgeland has taken from Madison.

Anonymous said...

I love rental housing......when I'm the owner.

Anonymous said...

Ah, um, yes, foreclosures are not good for homeowners. The big however is, those people who still own their homes can STILL afford it. The commentary on the foreclosures is simple; don't live beyond your means and keeping up with the Jone's will get you an apartment in Ridgeland with a wonderful view of Old Canton.

Anonymous said...

Madison "the city" does a great job in promoting
the myth that rental units are virtually non existent
within their corporate limits. Contrary to their
great propaganda campaign, rental units exist from
Annandale to Northbay.

Mary was forced to concede this fact
during Christmas, when a renter had the gall to include a peacock within accepted gaudy Christmas decor. ( Previously approved)

I've heard, due to consumer demand, the new Kroger will sell these lighted peacocks this 2012 Christmas season.

Anonymous said...

I am currently working on a miniature, lighted peacock hood ornament which would be beyond the reach of most city ordinances, as it is mobile. It would also play Ride of the Valkyries (although, only ironically [on several levels]).

I am seeking VC (venture capital) visionaries in the Jackson metro area for this astounding growth opportunity.

Shadowfax said...

It's already been established that a majority of rentals in Ridgeland are apartments, not houses. There are exactly zero apartments in Madison and even fewer payday loan companies.

If you want cars on blocks, a recliner in the front yard and oil cans in the skreet, get you some rental houses. If you want Ford trucks with silver mud flaps and Texas tags, build more apartments.

The real question for you is 'What follows?' The possibilities are near endless.

Shadowfax said...

On the other hand, Ridgeland is sort of central to the Metro area, so it's natural that it would be a magnet for working folks who need a place to live. I know a number of apartment dwellers in Ridgeland. The ones I know work, behave themselves, like to do the same things the rest of us do, and go about their business and daily lives without imposing on others. They also contribute and make the community a better place by their presence.

It's my fault (and unfair of me) that I tend to judge the entire body by the several who are bums and ne'er-do-wells. I need to get over that. Every community is what it is. Who among us would be happy if every community was the mirror image of all the others?

Anonymous said...

I would be very happy if Jackson's crime rate came even remotely close to being the mirror image of our neighboring cities.

Anonymous said...

"I've heard, due to consumer demand, the new Kroger will sell these lighted peacocks this 2012 Christmas season. "

Depends whether or not Crosby is mayor by then or not ;-)

PS we now have to type two illegible words to post a comment.

Anonymous said...

Aren't Ridgeland's borders defined in perpetuity? Although there is still available land for subdivision development, it would have to be limited to really high price housing etc. in order to have some ability to grow the tax base in the future; Hence the apartments. I guess I'm a bigot because I don't like the riff raff that comes with a large portion of the rental housing community; however, hopefully the Ridgeland PD and the Madison County Court System can keep this under control to some degree. It's just too bad the riff raff has to act like they don't know right from wrong.

Anonymous said...

Aren't Ridgeland's borders defined in perpetuity?

No they are not.

Hookah said...

Why do people rent homes anyways?

The rent these landlords want is often 3 sometimes 4 times what their mortgage payment is/was?

It would be much more simple to buy.

There's a government program out there for everyone if you look hard enough...just ask my neighbors.

Anonymous said...

This is completely off the subject, but it is one of my pet peeves....'ANYWAYS' IS NOT A WORD!!!
The correct word is 'anyway'...no 's'.

Whew. I feel somewhat better.

Anonymous said...

You sure you ain't got gas?

Anonymous said...

Nope, no gas...but that may not be true after tonight's dinner of crawfish and Jack Daniels!
No grammar major here, just someone who finds it grating to hear/read non-words.

Anonymous said...

ah the joys of living in an apartment. Either I am stomping on someone's ceiling or someone is stomping on mine at 2am. My neighbors tub over flows and I get to wonder is that the lavatory,the tub,or the toliet leaking on me? Why do people rent houses? There are many reasons. Madison the City should be applauded for no apartments, the rez residents who objected to apartments being built at the old Rapids location as well. If you think Ridgeland doesnt enforce codes, ask the guy who lost his home because he inclosed garage(without permit). Ridgeland bankrupted him with fines and forced the garage to be returned to previous condition, by new owner. The metro area is changing. Jackson is a snake pit, the middle class and upper class are fleeing the crime and just trying to find a place to live in safety.

Unknown said...

Looks like the Grammar Nazi is making his/her presence known once again in the comment section.

Glad you could stop by...I'm sure it must be hard work policing commentaries on a JACKSON, MISSISSIPPI political blog that favors "jackassery".

Keep up the hard work and maybe you"ll get nominated for the JFP 2012 Best Of Award for Irrelevancy.

I hear the competition will be fierce.



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